5-Year Budget Shows Troy Bankrupt In 2017

Troy Could Go Bankrupt By 2017

By Jen Anesi

As budget talks continued Monday evening, Troy City Manager John Szerlag gave a sobering presentation of the five-year projected budget, which showed the steady depletion of the city’s fund balance over the next five years to a zero balance in 2017, despite the city adding $1.9 million to the fund balance this fiscal year.

“You needed to see this,” Szerlag told City Council Monday evening. “The job of a city manager is to let a community know what they need to hear, not what they want to hear. … This is something you have to address. You can put it off, but it’s still there.”

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